Credit card revenues surpass mortgages at Wells Fargo in Q2
Rising interest rates and a shrinking branch network are cutting into Wells Fargo's mortgage business, and bank executives say they're fine with that
by Matt Carter Jul 15
Inman’s Top 5 stories of the week, July 8-14, 2022
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for July 8-14, 2022
by Christy Murdock Jul 15
SEC is investigating Better as Barclays, Citigroup resign as deal advisers
Mortgage upstart Better's plan to go public via a SPAC merger faces new challenges as banks that were advising the companies resign their roles
by Taylor Anderson Jul 14
Side expands into 6 new states amid market shift, bringing total to 16
Despite recent layoffs, the real estate tech startup has struck up a slew of new partnerships including one with a high-profile duo that just left Douglas Elliman
by Jim Dalrymple II Jul 14
2 working women thriving in real estate reveal what it takes to lead
Stop chasing balance and stop chasing perfection, Kendall Bonner of RE/MAX Capital Realty and Kymber Menkiti of Keller Williams Capital Properties, said at Connect Now on Thursday
by Taylor Anderson Jul 14
Shared equity platform Point enters Nevada, Ohio as part of larger plan
Homeowners in 18 states and Washington, D.C. can tap up to $500,000 in home equity by selling a share of their future home price appreciation to investors
by Matt Carter Jul 14
After a decade of declines, foreclosure activity is on the rise
Many loans would have been foreclosed if not for federal government protections enacted during the early days of the COVID-19 pandemic, according to a new report from Attom Data Solutions
by Taylor Anderson Jul 13
Rocket Mortgage wants the world to know it's in Canada
Windsor-based mortgage broker Edison Financial will rebrand as Rocket Mortgage in August and begin making direct loans
by Matt Carter Jul 13
RE/MAX's Motto Mortgage now has 200 offices in 39 states
With a new office in Alaska and an expanded presence in South Carolina, Motto Franchising has announced 7 new franchisees in 6 states so far this year
by Matt Carter Jul 12
LoanDepot to shed 4,800 workers in 2022 in bid to return to profitability
Lender hopes to cut up to $400M in annual expenses and become profitable by the end of the year, after rising mortgage rates gut profitable refinancing business
by Matt Carter Jul 12
Investor interest in real estate tech is beginning to wane, new study says
It's been a banner year so far for proptech companies. But there are early signs that investors may be starting to pull back, according to the Center for Real Estate Technology & Innovation
by Daniel Houston Jul 12
Interest rate hikes keep Miami the least affordable city in the nation
Buyers would have to spend 86% of their income to afford the $600,000 median home price, according to new research released Monday from RealtyHop
by Taylor Anderson Jul 12
Here are your most-expensive-sale stories: Pulse
Opinion
This week, we asked for all of the glamorous details about the priciest real estate transaction of your career
by Inman Jul 12
Does a jump in demand fully explain the pandemic housing market?
A new report from the US Federal Reserve suggests it was spiking demand — not a lack of homes for sale — that sent prices skyrocketing over the past 2 years
by Jim Dalrymple II Jul 12
UpEquity latest Power Buyer to join zavvie's solutions marketplace
Austin, Texas-based mortgage platform has more avenues to partner with real estate brokerages as it looks to expand its footprint to 23 states by the end of the year
by Matt Carter Jul 11
Short-term rental market balancing out after rush of supply
'Our expectation is that demand will grow at 5.7% for the year, about a quarter of the growth rate in 2022,' AirDNA says in its 2022 mid-year outlook
by Taylor Anderson Jul 11